Wall St Week Ahead-Earnings to Test Growth Stocks after Rocky Start to Year
A rough start to 2022 for U.S. tech and growth stocks is raising stakes for upcoming earnings reports, as investors seek reasons to keep faith in the shares while bracing for U.S. interest rate hikes.The S&P 500 information technology sector , which accounts for nearly 29% of the broader index’s weight, is down 5.5% year-to-date, including steep declines in shares of heavyweights such as Microsoft and Nvidia , both off roughly 9%. The overall S&P 500 has fallen 2.7%.Tech bulls hope a s
US STOCKS-Dow Closes Lower after Disappointing Bank Results
The Dow closed lower with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off.The Nasda
Some of the stocks that may grab investor focus today are:
Wall Street expects JPMorgan Chase & Co. (NYSE: JPM) to report quarterly earnings at $3.01 per share on revenue of $29.90 billion before the opening bell. JPMorgan shares gained 0.6% to $169.25 in pre-market trading.